The story of this market
The typical home in ZIP 70118 sells for about $355,000, or $235 per square foot.
Prices are down 2.5% from a year ago, which gives buyers more room to negotiate. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $1,333 a month.
ZIP 70118 — New Orleans
The 70118 housing market is currently stable, characterized by high demand driven by the university presence and limited inventory of historic homes. While median prices have seen a slight year-over-year decline, the market remains competitive for well-maintained properties. High insurance costs and flood risk remain the primary headwinds for buyers in this area.
This ZIP is ideal for university-affiliated professionals, students, and families seeking historic character and walkability. It is less suited for those seeking new-construction suburban amenities or low-cost housing.
Median prices moved down 2.5% year over year.
Homes spend a median of 58 days on market with 5.4 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.4% · poverty 24.9% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 1.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 70118, Orleans Parish, LA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Uptown/University area are generally higher than the national average, with property crime being the most frequent concern. Local trends fluctuate, but the area remains a mix of high-traffic commercial corridors and residential pockets with varying safety profiles.
The area is served by a mix of selective-admissions and open-enrollment public schools within the NOLA Public Schools system, with quality ratings varying significantly by specific school site.
The ZIP code is located in a high-risk flood zone, necessitating mandatory flood insurance for most properties. Wind and hurricane exposure are significant climate risks, impacting insurance premiums and building requirements.
Economic momentum is anchored by major universities like Tulane and Loyola, which drive local employment and housing demand. Development is largely infill-focused due to the historic nature of the neighborhood.
Property taxes are assessed by the Orleans Parish Assessor's Office based on fair market value, with a homestead exemption available for primary residences. The tax structure includes millage rates set by the city and parish for schools, police, and infrastructure.
Residents typically commute via St. Charles Avenue streetcar or private vehicle toward the Central Business District, with travel times heavily dependent on traffic along major corridors.
The area features extensive green space, most notably Audubon Park, which offers trails, golf, and athletic facilities. Shopping and dining are concentrated along the historic commercial corridors of Maple and Carrollton streets.
The rental market is highly active due to the large student population and proximity to universities, resulting in consistent demand and low vacancy rates. Short-term rental regulations are strictly enforced by the city.
The economy is heavily influenced by higher education, healthcare, and tourism. Tulane and Loyola universities are the primary economic drivers in this specific ZIP code.
The area is served by the historic St. Charles streetcar line and several bus routes, providing transit access to the downtown core.
Development is constrained by historic district zoning, focusing on adaptive reuse and small-scale residential improvements.
The Orleans Parish Assessor's Office manages assessments, with properties reassessed on a four-year cycle.
Parcels are subject to city-wide millages, including those for the New Orleans Public Schools and the Sewerage and Water Board.
Property insurance costs are high due to flood and wind risk, with many owners relying on the National Flood Insurance Program.
Louisiana is a judicial foreclosure state, requiring court action to initiate the process.
Sellers are required to provide a property disclosure document detailing known defects to potential buyers.
Data retrieved from data.census.gov ZCTA 70118 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Dave & Buster's New Orleans3.73 mi
- Sky Zone Trampoline Park4.13.8 mi
- Game On Social Hub4.57.7 mi
- K1 Speed New Orleans4.63.6 mi
- Storyland4.53.4 mi
- Caesars Superdome4.62.7 mi
- New Orleans Ernest N. Morial Convention Center4.53.7 mi
- Smoothie King Center4.62.7 mi
- Preservation Hall4.73.7 mi
- The Sazerac House4.93.5 mi
- The National WWII Museum4.83.3 mi
- French Market4.54.1 mi
- Audubon Aquarium4.43.8 mi
- Audubon Zoo4.51.5 mi
- Jackson Square4.73.9 mi
- The National WWII Museum4.83.3 mi
- Jackson Square4.73.9 mi
- Napoleon House4.63.7 mi
- New Orleans Museum of Art4.73.5 mi
- The Sazerac House4.93.5 mi
- Jackson Square4.73.9 mi
- New Orleans City Park4.84.5 mi
- Louis Armstrong Park4.53.7 mi
- Audubon Park4.71.4 mi
- Lafreniere Park4.76.5 mi
- New Orleans RV Resort & Marina4.27.8 mi
- Mid City Yacht Club4.52.3 mi
- Southern Yacht Club4.55.7 mi
- Seabrook Harbor & Marine4.57.7 mi
- Eddie Pinto's Marina & Seafood4.411.5 mi
- TPC Louisiana4.64.8 mi
- Bayou Oaks At City Park45.2 mi
- Golf Club at Audubon Park4.41.2 mi
- Chateau Golf & Country Club4.59.5 mi
- Loft18 Metairie4.52.8 mi
- Lakeside Shopping Center4.44.6 mi
- French Market4.54.1 mi
- Riverwalk Outlets4.43.8 mi
- Rouses Market4.53.1 mi
- Ross Dress for Less4.21.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major historic park featuring walking trails, a golf course, and the Audubon Zoo.
A major research university and anchor institution for the neighborhood.
A popular commercial district known for local boutiques and restaurants.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.